Anil Singhvi’s Strategy May 27: Day support zone on Nifty is 15,150-15,210 & Bank Nifty is 34,400-34,525

Amid neutral global markets, futures & options (F&O), positive foreign neutral institutional investors (FIIs), sentiment and negative domestic institutional investors (DIIs) cues, the short-term trend of the Indian stock markets will be positive on Thursday, May 27, 2021. 

The domestic stocks markets ended with a gain of more than 0.60 per cent on Wednesday, May 26, 2021. The S&P BSE Sensex regained 51,000-mark. The Nifty at the National Stock Exchange ended above 15,300-level. The S&P BSE Sensex gained 379.99 points or 0.75 per cent to close at 51,017.52. The Nifty 50 climbed 93 points or 0.61 per cent to finish at 15,301.45. The Bank Nifty index added 22.20 points or 0.06 per cent to settle at 34,684.20.

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In the BSE broader market, the Mid-Cap index fell 0.14 per cent while the Small-Cap index appreciated 0.69 per cent.

Zee Business’s Managing Editor Anil Singhvi’s Market Strategy for May 27:

Day support zone on Nifty is 15,150-15,210, below that 15,050-15,100 is a strong Buy zone. 

Day higher zone on Nifty is 15,350-15,425, above that 15,475-15,500 is a strong Sell zone.

Day support zone on Bank Nifty is 34,400-34,525, below that 33,950-34,150 is a strong Buy zone. 

Day higher zone on Bank Nifty is 34,900-35,100, above that 35,200-35,425 is a Profit-booking zone. 

The Small Day Range for trading on Nifty is 15,210-15,350, while the medium and bigger ranges are 15,150-15,400 and 15,100-15,475, respectively.

The Small Day Range for trading on Bank Nifty is 34,400-34,950, while the medium and bigger ranges are 34,150-35,125 and 33,900-35,200, respectively. 

FIIs Index long at 65% Vs 62%.

PCR at 1.38 Vs 1.22.

BIG SURPRISE, India VIX up by 11% at 20.87.

For Existing Long Positions:

Nifty intraday and closing stop loss are 15,150.

Bank Nifty intraday and closing stop loss are 34,400.

For Existing Short Positions:

Nifty intraday and closing stop loss are 15,325.

Bank Nifty intraday and closing stop loss are 35,000. 

For New Positions:

Buy Nifty with a stop loss of 15,150 and target 15,350, 15,400, 15,425, 15,475.

Aggressive Traders Sell Nifty in 15400-15450 range with a Strict stop loss of 15,500 and target 15,350, 15,320, 15,300, 15,260, 15,210.

For New Positions:

Buy Bank Nifty in 34,400-34,525 range with a Strict stop loss of 34,250 and target 34,600, 34,675, 34,875, 34,950.

Aggressive Traders Buy Bank Nifty with a Strict stop loss of 34,375 and target 34,875, 34,950, 35,125, 35,200, 35,275, 35,425, 35,500.

Aggressive Traders Sell Bank Nifty in 34,900-35,200 range with a Strict stop loss of 35,300 and target 34,700, 34,600, 34,525, 34,475, 34,400.

F&O Ban Update:

Out Of Ban: PNB

2 Already In Ban: Amara Raja, Canara Bank

New In Ban: Nil

BPCL Strategy:

Rs 58 dividend will also be available on new purchases.

You must have it in your portfolio on the record date.

The record date will be announced later.

F&O traders will also get the dividend.

Short-term traders make a profit in today's boom.

Long Term Investors should hold it.